408 N Pico
Fallbrook, CA 92028
- 1 bed
- – baths
- 1,440 sqft
- 14,810 sqft lot
- $850 per sqft
- 1953 build
- – on site
Investment Opportunity in Fallbrook! Just reduced again...total of $150K!! Corner property with 3 lots together and is zoned both Commercial and Residential Inc. The total of contiguous lots combined is 10,653 sq feet/ .34 acre approx. Use of this property could be repositioned to suit new owners needs within county guidelines. The property has been used for a successful car sales business and zoning may indicate additional apartments may be added. One structure is a vacant office building with hard-wired sprinkler system and security cameras, plus bathroom, and is approx 640 sq feet- half of this office building is just recently being advertised as also available to rent for $1,900 per month ( or with a few cost effective basic improvements, the entire office building may be rented for approx $3500 per month ) which, if rented, would could potentially increase the cap rate/ yearly income to over $69k! Previously was a successful used car lot! The second building is a duplex that is currently rented month-to-month to long-standing tenants with a great paying history. Each duplex unit is approx 400 sq ft. One is rented for $1,250 per month and one is rented for $1,028.50 per month. Agt opinion-rents are LOW. This asset has high street visibility at the North end of town within wal
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Last updated Jan 18, 2025
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MLS# CRNDP2410488 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1953
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Building Area Units:Square Feet
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Building Area Total:1440
Room Dimensions
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Living Area:1440
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Living Area Units:Square Feet
Location
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Directions:DRIVE BY ONLY! DO NOT GO ONTO PROPERTY. DO NOT DIS
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Parcel Number:1031310200
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Zoning:PER
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Lot Features:Corner Lot
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Lot Size Area:0.34
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Lot Size Acres:0.34
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Lot Size SqFt:14810
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (760) 535-2330
Beds
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Bedrooms Total:1
The Listing
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Listing Terms:Cash
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/crmls/NDP2410488
Appliances
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Laundry Features:Other
The Community
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/10/24
Dec 10, 2024
|
Listed / Active | BRIDGE | $1,225,000 | 380.4% (36.4% / YR) |
|
11/18/24
Nov 18, 2024
|
Price Changed | BRIDGE | ||
|
8/9/24
Aug 9, 2024
|
Listed / Active | BRIDGE |
